Clustering Properties of Merger Waves: Space, Time or Industry?

We study the degree of agglomeration of acquisition activity within clusters of temporal, geographic and industrial proximity based on almost 600,000 individual transactions. The findings indicate that significant clustering occurs in time and across industries, while the results on geographic clustering are mixed. This supports the view that merger waves are mostly driven by neoclassical motives.

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Year of publication:	2013
Authors:	Szücs, Florian
Institutions:	DIW Berlin (Deutsches Institut für Wirtschaftsforschung)
Subject:	Merger wave \| clustering \| acquisitions \| neoclassical \| behavioral

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Extent:	application/pdf
Series:	Discussion Papers of DIW Berlin. - ISSN 1619-4535.
Type of publication:	Book / Working Paper
Notes:	Number 1322 7 pages long
Classification:	L2 - Firm Objectives, Organization, and Behavior ; G3 - Corporate Finance and Governance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011128836